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DALLAS (AP) – Leaders of United and Southwest gave an upbeat forecast for 2015 that combined strong travel demand and cheaper fuel. Airline stocks soared on Thursday.

The price of jet fuel has dropped by about half since September, boosting airline profits and tamping down fear that global economic weakness could hurt the carriers. Analysts expect all four of the biggest U.S. airline operators to post bigger profits this year than in 2014.

DALLAS (AP) — Profits are soaring at the biggest U.S. airlines as fuel prices drop — but don't expect fares to fall too.

Heading into the busy holiday-travel period, the airlines expect even cheaper fuel, thanks to the nosedive in crude oil prices. The price of jet fuel, an airline's biggest single expense, has dropped by about one-fifth since mid-June.

The California-based airline filed on Monday for an initial public offering of shares.

Virgin America Inc., which operates out of Los Angeles and San Francisco, flies to 22 airports in the United States and Mexico and has a fleet of 53 planes. It is known for offering a variety of perks on its jets, including live TV, movies, leather seats and purple mood lighting.

Even with the turbulence of severe winter storms and stubbornly high fuel prices, many of the major airlines are cruising and their stock prices are soaring.

On Thursday, American Airlines and Southwest Airlines reported record profits for the first quarter, usually the weakest time of year for the airlines. That followed a rousing report from Delta Air Lines a day earlier.

Even with the turbulence of severe winter storms and stubbornly high fuel prices, many of the major airlines are cruising and their stock prices are soaring.

On Thursday, American Airlines and Southwest Airlines reported record profits for the first quarter, usually the weakest time of year for the airlines. That followed a rousing report from Delta Air Lines a day earlier.

NEW YORK (AP) – U.S. companies are continuing to cut back on employee travel plans amid uncertainty surrounding the health of the economy.

Americans are expected to take 438.1 million business trips this year, down 2 percent from last year, the Global Business Travel Association said Tuesday. Overall business travel spending is expected to be up 2.6 percent, but that's only because trips are more expensive.

NEW YORK (AP) – U.S. airlines collected more than $1.7 billion in baggage fees during the first half of the year, the largest amount ever collected in that six-month period.

Delta Air Lines Inc. once again claimed the title as the airline collecting the most in baggage fees: nearly $430 million from January through June. The slightly larger United Airlines – part of United Continental Holdings Inc. – followed with $351 million in bag fees, according to a report from the Bureau of Transportation statistics released Tuesday.

BOSTON (AP) – American Airlines CEO Tom Horton wants to set the record straight: It was he who approached US Airways CEO Doug Parker about the possibility of combining the two airlines, not the other way around.

NEW YORK (AP) – American Airlines argued before a federal bankruptcy judge Monday that its union contracts need to be changed to make the company financially stable.

The airline lost more than $10 billion in the decade leading up to its declaration of bankruptcy in November. During that same period most of its major rivals used the bankruptcy process to cut wages and benefits, which American says has left it saddled with higher labor costs.

NEW YORK (AP) – Out of a relatively balmy winter have sprung some economic surprises. People have more cash in their pockets because they aren't turning up the thermostat. Airlines don't have to de-ice planes or battle blizzards. And shoppers are finding great deals on coats and boots.

MEMPHIS (AP) – Pinnacle Airlines Corp., which operates regional flights as Delta Connection, United Express and US Airways Express, said Thursday that it's trying to make deals with its major airline partners, creditors and employees to cut costs and reduce its debt.

NEW YORK (AP) – Holiday travelers may want to lock in airfares now, because they're going up.

Major airlines are joining in the first widespread airfare increase since early August. The hike was initiated by Delta Air Lines Inc. late Tuesday when it raised fares by $4 to $10 on roundtrip flights across most of its U.S. routes, according to Rick Seaney of Farecompare.com. Soon after, United Continental Holdings Inc. matched the increases.

WASHINGTON (AP) – The Federal Aviation Administration is creating a new air traffic system that officials say will be as revolutionary for civil aviation as was the advent of radar six decades ago. But the program is at a crossroads.

Soaring jet fuel prices are wiping out profits at the nation's biggest airlines.

The world's biggest airline company, United Continental Holdings Inc., said Thursday that it lost $213 million in the first three months of the year after it paid nearly $600 million more for fuel than in the year-ago quarter.

A San Jose, Calif.-based worldwide electronics distributor is entering the Memphis area with full force.

WPG Americas Inc. has signed a 54,000-square-foot lease at Airways Distribution Center, 481 Industrial Drive, in Southaven. The project – a relocation of the WPG America’s New York facility – represents a $1.5 million investment by the company and will create 60 jobs over the next three years.

DALLAS (AP) – Major U.S. airlines are trying to revive fare increases for high-end tickets after failing to impose bigger price increases last week.

The move comes as airlines worry about the prospect of higher jet fuel prices. Oil prices surged to their highest levels in more than two years Tuesday as violence in Libya raised fears that oil production could be threatened there or in other OPEC countries.

CHICAGO (AP) – United Continental Holdings Inc. said on Wednesday that a key revenue measure would rise as much as 10.75 percent for the fourth quarter, a period that is expected to be profitable for United and other big airlines.

United and Continental closed the deal on Friday that will create the world's biggest airline. The new carrier aims to lure business fliers who want to travel overseas while keeping fares competitive with discount carriers in the U.S.

ATLANTA (AP) – Delta Air Lines Inc. blamed heavy winter storms and one-time expenses for propelling it to a $256 million loss during the first three months of the year, though it said Tuesday it expects a solidly profitable second quarter as the peak summer season ramps up.

ATLANTA (AP) - Deep capacity cuts, checked bag fees and aggressive fare sales couldn't stop the airline industry's bleeding from the impact of bad bets on fuel hedges and the drop-off in demand due to the weak economy. After more carriers posted losses Thursday, the total fourth-quarter red ink for the top nine U.S. carriers by traffic rose to $4 billion.

ATLANTA (AP) – Airlines that do business at the world’s busiest passenger airport are playing hardball in talks over new lease agreements, threatening to move some flights to other airports – including Memphis International Airport – if they can’t maintain competitive costs on fees they pay.